Meta Platforms, Inc. (META)
As-reported financials and recent SEC filings for Meta Platforms, Inc., latest fiscal period FY2025. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.
About Meta Platforms, Inc.
Meta Platforms, Inc. develops technology products that enable people to connect, share, and build communities through mobile devices, personal computers, virtual reality headsets, and AI glasses. Its main offerings include social media apps like Facebook, Instagram, Messenger, Threads, and WhatsApp, as well as virtual reality devices such as Meta Quest and AI-powered wearables like Meta AI glasses. Meta serves individual users, creators, businesses, and advertisers worldwide by providing platforms for communication, content sharing, and digital advertising.
Snapshot
Fundamentals are from SEC filings. P/E and market cap are derived from recent market prices, refreshed on a rolling basis (typically within the past week).
What changed at Meta Platforms
- Revenue grew 22.2% to $201.0B in FY2025, in line with the 21.9% the year before.
- Operating margin is 41.4% in FY2025, +1.8 pp against 39.6% in FY2021.
- Most recent quarter Q1 FY2026: revenue $56.3B, up 33.1% from Q1 FY2025.
- Free cash flow was $46.1B in FY2025, 22.9% of revenue.
- Net income fell 3.1% to $60.5B in FY2025.
Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.
Peer comparison
Where Meta Platforms’s fundamentals sit among the 330 software companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).
Meta Platforms’s operating margin of 41.4% ranks in the 97th percentile of the 302 software companies reporting it. Meta Platforms’s net margin of 30.1% ranks in the 91st percentile of the 306 software companies reporting it. Meta Platforms’s gross margin of 82.0% ranks in the 89th percentile of the 262 software companies reporting it.
No open-market insider buys in the last 90 days; 70 insider sales totaling $24.8M. For context, about 16% of companies in the universe saw any open-market insider buying in the same window. Browse insider activity →
Percentiles describe where a figure sits among industry peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.
Institutional ownership
Held by 23 of the superinvestors we track (plus 7 quant / multi-strat books), based on each investor’s most recent 13F (latest Q1 2026).
| Investor | As of | Position value | Shares | Change |
|---|---|---|---|---|
| Dodge & Cox | Q1 2026 | $2.87B | 5.0M | Reduced |
| First Eagle Investment Management | Q1 2026 | $1.83B | 3.2M | Added |
| Tiger Global Management | Q1 2026 | $1.77B | 3.1M | Added |
| Coatue Management | Q1 2026 | $1.61B | 2.8M | Reduced |
| Pershing Square Capital Management | Q1 2026 | $1.52B | 2.7M | Reduced |
| Millennium Managementquant | Q1 2026 | $1.15B | 2.0M | Added |
| Altimeter Capital Management | Q1 2026 | $1.12B | 2.0M | Added |
| D. E. Shawquant | Q1 2026 | $1.08B | 1.9M | Added |
| Citadel Advisorsquant | Q1 2026 | $1.05B | 1.8M | Added |
| AQR Capital Managementquant | Q1 2026 | $1.04B | 1.9M | Reduced |
| Sands Capital Management | Q1 2026 | $731.8M | 1.3M | Added |
| Viking Global Investors | Q1 2026 | $607.9M | 1.1M | New |
| ValueAct Capital | Q1 2026 | $523.9M | 915.7K | Reduced |
| Point72 Asset Managementquant | Q1 2026 | $519.6M | 908.3K | Added |
| Two Sigma Investmentsquant | Q1 2026 | $448.1M | 783.2K | Added |
| Whale Rock Capital Management | Q1 2026 | $293.3M | 512.6K | Added |
| Polen Capital Management | Q1 2026 | $272.7M | 476.7K | New |
| Appaloosa | Q1 2026 | $249.7M | 436.5K | Reduced |
| Giverny Capital | Q1 2026 | $176.1M | 307.8K | Reduced |
| Bridgewater Associates | Q1 2026 | $166.9M | 291.7K | Added |
| Renaissance Technologiesquant | Q1 2026 | $145.0M | 253.4K | New |
| Markel Group | Q1 2026 | $142.1M | 248.3K | Held |
| Ruane Cunniff (Sequoia) | Q1 2026 | $115.1M | 201.1K | Reduced |
| ARK Investment Management | Q1 2026 | $88.1M | 154.0K | Reduced |
| Gotham Asset Management | Q1 2026 | $80.8M | 141.2K | Added |
| Third Point | Q1 2026 | $51.5M | 90.0K | New |
| Wedgewood Partners | Q1 2026 | $37.6M | 65.8K | Reduced |
| Soros Fund Management | Q1 2026 | $19.8M | 34.6K | New |
| Harris Associates (Oakmark) | Q1 2026 | $2.6M | 4.5K | Added |
| Corvex Management | Q1 2026 | $1.4M | 2.4K | Held |
No longer held by: Hound Partners (as of Q1 2026)
From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.
Recent insider activity
Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.
| Trade date | Insider | Type | Shares | Price | Value |
|---|---|---|---|---|---|
2026-07-20 filed 2026-07-22 | Olivan JavierChief Operating Officer | Sell | 837 | $645.85 | $541K |
2026-07-20 filed 2026-07-22 | Olivan JavierChief Operating Officer | Sell | 408 | $645.85 | $264K |
2026-07-20 filed 2026-07-22 | Olivan JavierChief Operating Officer | Sell | 82 | $645.85 | $53K |
2026-07-20 filed 2026-07-22 | Olivan JavierChief Operating Officer | Sell | 82 | $645.85 | $53K |
2026-07-20 filed 2026-07-22 | Olivan JavierChief Operating Officer | Sell | 57 | $645.85 | $37K |
2026-07-13 filed 2026-07-15 | Olivan JavierChief Operating Officer | Sell | 1.5K | $660.98 | $1.0M |
2026-07-13 filed 2026-07-15 | Olivan JavierChief Operating Officer | Sell | 408 | $661.13 | $270K |
2026-07-13 filed 2026-07-15 | Olivan JavierChief Operating Officer | Sell | 82 | $661.13 | $54K |
2026-07-13 filed 2026-07-15 | Olivan JavierChief Operating Officer | Sell | 82 | $661.13 | $54K |
2026-07-13 filed 2026-07-15 | Olivan JavierChief Operating Officer | Sell | 57 | $661.13 | $38K |
2026-07-06 filed 2026-07-08 | Olivan JavierChief Operating Officer | Sell | 2.1K | $600.40 | $1.2M |
2026-07-06 filed 2026-07-08 | Olivan JavierChief Operating Officer | Sell | 816 | $601.45 | $491K |
Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.
Short interest
Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.
| Settlement | Shares short | Change | Days to cover |
|---|---|---|---|
| 2026-07-15 | 37.8M | +9.7% | 1.61 |
| 2026-06-30 | 34.5M | +15.0% | 2.02 |
| 2026-06-15 | 30.0M | -7.1% | 1.48 |
| 2026-05-29 | 32.3M | +0.4% | 2.19 |
| 2026-05-15 | 32.1M | +10.9% | 2.14 |
| 2026-04-30 | 29.0M | +9.5% | 1.83 |
| 2026-04-15 | 26.5M | +0.3% | 1.64 |
| 2026-03-31 | 26.4M | +8.5% | 1.39 |
Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.
Income statement (as reported)
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Revenue | $200.97B | $164.50B | $134.90B | $116.61B | $117.93B |
| Gross profit | $164.79B | $134.34B | $108.94B | $91.36B | $95.28B |
| Operating income | $83.28B | $69.38B | $46.75B | $28.94B | $46.75B |
| Net income | $60.46B | $62.36B | $39.10B | $23.20B | $39.37B |
| Diluted EPS | $23.49 | $23.86 | $14.87 | $8.59 | $13.77 |
Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full methodology.
Balance sheet (as reported)
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Cash and equivalents | $35.87B | $43.89B | $41.86B | $14.68B | $16.60B |
| Current assets | $108.72B | $100.05B | $85.36B | $59.55B | $66.67B |
| Total assets | $366.02B | $276.05B | $229.62B | $185.73B | $165.99B |
| Current liabilities | $41.84B | $33.60B | $31.96B | $27.03B | $21.14B |
| Long-term debt | $58.74B | $28.83B | $18.39B | $9.92B | $0 |
| Total liabilities | $148.78B | $93.42B | $76.45B | $60.01B | $41.11B |
| Total equity | $217.24B | $182.64B | $153.17B | $125.71B | $124.88B |
Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full methodology.
Cash flow (as reported)
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Operating cash flow | $115.80B | $91.33B | $71.11B | $50.48B | $57.68B |
| Capital expenditure | $69.69B | $37.26B | $27.05B | $31.19B | $18.69B |
| Free cash flow | $46.11B | $54.07B | $44.07B | $19.29B | $38.99B |
Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full methodology.
Quarterly trend (as reported)
| Quarter | Revenue | Revenue YoY | Net income | Diluted EPS |
|---|---|---|---|---|
| Q1 FY2026 | $56.31B | 33.1% | $26.77B | $10.44 |
| Q4 FY2025 | $59.89B | 23.8% | $22.77B | $8.89 |
| Q3 FY2025 | $51.24B | 26.2% | $2.71B | $1.05 |
| Q2 FY2025 | $47.52B | 21.6% | $18.34B | $7.14 |
| Q1 FY2025 | $42.31B | 16.1% | $16.64B | $6.43 |
| Q4 FY2024 | $48.38B | 20.6% | $20.84B | $7.98 |
| Q3 FY2024 | $40.59B | 18.9% | $15.69B | $6.03 |
| Q2 FY2024 | $39.07B | 22.1% | $13.46B | $5.16 |
Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.
Company facts
Recent SEC filings
Largest software peers
META head to head
Monitor META
Get an alert when Meta Platforms files something material, see which superinvestors own it, and ask its filings a question with cited answers.
Monitor META freeIncludes one free filing-grounded research answer. Or check your whole portfolio, no account needed.
Data sourced from SEC EDGAR (public domain). Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.